Vest Financial LLC Boosts Stake in United Parcel Service, Inc. (NYSE:UPS)

Vest Financial LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 73.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,436 shares of the transportation company's stock after acquiring an additional 3,574 shares during the quarter. Vest Financial LLC's holdings in United Parcel Service were worth $928,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UPS. IMG Wealth Management Inc. purchased a new stake in shares of United Parcel Service during the 4th quarter worth about $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service during the 4th quarter worth about $26,000. Pinney & Scofield Inc. acquired a new position in shares of United Parcel Service during the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth about $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service during the 4th quarter worth about $30,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

United Parcel Service stock opened at $98.24 on Monday. The firm has a 50 day simple moving average of $97.32 and a 200-day simple moving average of $113.74. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock has a market cap of $83.19 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter in the prior year, the company posted $1.43 EPS. The business's revenue for the quarter was down .9% on a year-over-year basis. On average, analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.68%. United Parcel Service's payout ratio is currently 95.63%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Loop Capital reduced their price target on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Wall Street Zen downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. UBS Group reduced their price target on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Hsbc Global Res downgraded shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, BMO Capital Markets reduced their price target on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service currently has an average rating of "Hold" and an average target price of $120.26.

United Parcel Service Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.

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